-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> Business/Markets -> 
November exports may have slowed
    2018-12-07  08:53    Shenzhen Daily

CHINA’S export growth is expected to have cooled in November, although still in the double digits, as a slowing in global demand offsets a months-long rush to ship goods to the United States ahead of a then-expected increase in tariffs.

China’s import growth likely moderated but remained in recent ranges, offering some relief to Chinese policymakers concerned about slackening domestic demand and economic disruptions from the trade row with the United States.

A truce in the trade war might steady the near-term outlook for Asia’s biggest economy, which has been slowing due to a mix of domestic factors including a multi-year campaign to curb corporate debt and risky borrowing practices.

Shipments of Chinese goods on an earlier U.S. tariff list targeting US$50 billion in products have already weakened sharply, but that has been offset by a rush of shipments on a later list affecting US$200 billion, said analysts from Capital Economics.

The prospect of higher U.S. tariff rates from January on Chinese products on the second list has hung over the heads of Chinese exporters for months.

Chinese exports in November likely grew 10 percent from a year earlier, slower than the previous month’s 15.6 percent gain, according to the median estimate of 26 economists.

China’s import growth is expected to have eased to 14.5 percent in November from a surprise 21.4 percent jump in October.

According to the poll, China’s overall trade surplus is expected to have held largely steady in November at US$34 billion from US$34.02 billion the previous month.

The drop in exports and imports growth is “still mild” and not too much should be read into it, given the volatility, said Lu Ting, chief China economist at Nomura, adding that Chinese shippers were still front-loading goods to U.S. clients.

“But one thing worth noting is that many factories in Guangdong Province had suspended operations and put workers on holiday at end-November due to fears of a failure in the Trump-Xi meeting,” Lu said.

The economist also said he expects weakening demand from Japan and Europe contributed to a drop in export growth in November.

With the 90-day truce, a sharp drop-off in outbound shipments in January warned of by most analysts may not materialize, as some of the shipments to the United States may now extend into next year. (SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn